|This course covers statistical concepts needed in modern business. The goal of the course is to learn to use statistical methods, to analyze data, and to develop problem solving skills. The tools introduced in this course provide the foundation for Chicago Booth elective courses, particularly in marketing, economics, finance and more advanced statistics courses.
The topics covered are: (i) descriptive statistics and plots used to summarize data; (ii) random variables and expectation; (iii) modeling and inference: population and sample quantities, confidence intervals, hypothesis tests and p-values; (iv) simple linear regression; (v) introduction to multiple regression. The course will emphasize real-world examples to illustrate ideas that are introduced in class.